Moody's Investors Service announced it had confirmed the financial strength rating of Munich Reinsurance Company (Aaa)and the debt and financial strength rating of its US subsidiary, American Re Corp (Aaa)
This decision was based on the overall assessment of Munich Re's exposure to the 11 September attacks. Moody's said it had focused on the "magnitude" of potential ultimate losses relative the company's core earnings, cashflow and market capitalisation.
Even with the current instability and degree of uncertainty surrounding the overall losses, Moody's concluded the outlook for the rating is stable.
